The Institute of Physics is planning to move its London headquarters to a new home in King’s Cross.

Just this week we purchased a freehold property close to King’s Cross Station that we will now refurbish, ready for the IOP to move into in 2015.

The new central London site is just over a mile away from our current location in the West End, where we have occupied 76 and 80 Portland Place since 1995. The new building, located on Balfe Street, N1, is in amongst the exciting regeneration of the King’s Cross area.

The site is very close to the new development that will include properties such as the Google building, and already contains the offices of the Guardian, the Crick Centre and Macmillan publishers’ education and science campus. It is an expanding district of London that is undergoing significant regeneration and is seen as having enormous potential for growth.

The IOP’s new president, Frances Saunders, said: “The move should guarantee that the Institute has a long-term home and a sound financial asset for the future. We want to refurbish the building with members in mind and to provide great, modern facilities. We also want to be much more public-facing and to have the space to showcase physics from academia, industry and our community outreach programmes with the arts and humanities.”

Next month’s newsletter will have much more information about the background to the property move and the timeline of the relocation, as well as how the IOP will manage member services in the transition period. We will continue to keep members up to date as our redevelopment project progresses.